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News
Land Ownership Under Fremont Street Casinos Is a Wackadoodle Jigsaw Puzzle
20+ hour, 53+ min ago (1758+ words) There’s a fair amount of chatter about who owns what on the Las Vegas Strip. That’s because Strip casinos often aren’t owned by the entities we think they’re owned by. One company may own the land (usually Vici Properties), but…...
Bally's Chicago Makes Annual $4M City Payment
1+ day, 18+ hour ago (466+ words) Bally’s Chicago has made good on its $4 million annual pledge to the city despite escalating tensions between the casino developer and local government. After threatening to withhold the yearly contribution over claims the city isn’t upholding its end of the…...
Hollywood Casino Council Bluffs Breaks Ground on $200M Venue
3+ day, 3+ hour ago (450+ words) Hollywood Casino Hotel Council Bluffs in Iowa will break ground on Monday (Sept. 14). Penn Entertainment is replacing its Ameristar Council Bluffs with a brick-and-mortar casino in the city that sits on the Missouri River across from Omaha. Thirty years after…...
Station Casinos 'Takes Care of Team Members' With $70M Stock
3+ day, 7+ hour ago (391+ words) Station Casinos celebrated its 50th anniversary this week by doling out stock valued at more than $70 million. On Wednesday (Sept. 9), Las Vegas locals specialist Station Casinos said it’s giving nearly 10,000 full- and part-time workers shares of the organization’s publicly traded arm,…...
Garden City Lawsuit Over Sands Long Island Casino Dismissed
4+ day, 2+ hour ago (523+ words) A lawsuit brought by the Village of Garden City challenging the decision by neighboring Hempstead to rezone the 72-acre Nassau Veterans Memorial Coliseum site for the development of a commercial casino resort has been dismissed. Filed last year in Nassau…...
Clairvest Reportedly the Potential Buyer of MGM Springfield
5+ day, 2+ hour ago (668+ words) Clairvest Group, a Canadian private equity company, is reportedly in the running to acquire the operating rights to MGM Springfield from MGM Resorts International (NYSE: MGM). That is if the Massachusetts city allows a transaction to move forward. Citing the…...
Fitch: Resorts World NY EBITDA to Climb, Spending Constrains Parent Credit Rating
6+ day, 1+ hour ago (555+ words) Resorts World New York has a leg up on its two yet-to-be-built competitors in the New York City-area casino competition with Fitch Ratings forecasting a significant ramp-up in earnings before interest, taxes, depreciation and amortization (EBITDA) at the Queens property,…...
Supreme Court Upholds Red Rock Casino Labor Ruling
6+ day, 5+ hour ago (330+ words) The United States Supreme Court has denied an emergency request from Red Rock Casino asking Chief Justice John Roberts to halt a lower court’s decision requiring the casino to comply with an order from the National Labor Relations Board (NLRB)....
Biloxi Planning Commission Approves Black Marlin Casino
1+ week, 1+ day ago (534+ words) The Biloxi Planning Commission gave its blessing to a casino developer’s request to rezone three parcels of land at US 90/Beach Boulevard and Veterans Avenue. The approval moves forward the proposed casino development that’s now being called the Black Marlin…...
Springfield Sues MGM as Casino Giant Accuses City of Blocking Casino Sale
1+ week, 2+ day ago (682+ words) The City of Springfield, Mass., has sued MGM Resorts International over alleged breaches of its casino host agreement, prompting the gaming giant to accuse city officials of obstructing its efforts to sell MGM Springfield to another operator. The lawsuit, filed…...